The FBM KLCI has rebounded higher to retest the 1,690-1,700 levels yesterday. The MACD Histogram extended another green bar, while the RSI is hovering above 30. The FBM KLCI may consolidate sideways around the 1,700 resistance level over the near term. Support will be pegged around the 1,660 level.

HUPSENG experienced a symmetrical triangle breakout above the RM1.28 level with higher-than-average volumes. The MACD Indicator has expanded positively above zero, while the RSI is above 50. Price may rally towards the RM1.40-RM1.50 levels after a short consolidation. Support will be located around RM1.24.

SENDAI has experienced a consolidation breakout above the RM0.80 level with high volumes. The MACD Line has crossed above zero, while the RSI has surged above 50. Price may rally towards the RM0.875 and RM0.945 levels after a mild retracement. Support will be anchored around the RM0.775 level.

BONIA experienced a short term breakout above the RM0.765 with improved volumes. The MACD Indicator has expanded positively above zero, while the RSI continues to trend higher above 50. Price target will be envisaged around the RM0.835 and RM0.91 levels. Support will be located around the RM0.765 level.

Source: M+ Online Research - 6 Nov 2015